{"id":1004112631,"date":"2015-02-03T14:16:46","date_gmt":"2015-02-03T22:16:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004112631"},"modified":"2022-12-08T06:15:06","modified_gmt":"2022-12-08T14:15:06","slug":"mba-special-report-m-f-market-enjoying-the-best-of-times","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mba-special-report-m-f-market-enjoying-the-best-of-times\/","title":{"rendered":"MBA SPECIAL REPORT: Best of Times for Multi-Family"},"content":{"rendered":"

By Keat Foong, Finance Editor<\/em><\/p>\n

The multi-family market is \u201cin the middle of some of the best times this business is going to experience,\u201d said the head of Fannie Mae\u2019s multi-family division.<\/p>\n

Jeffery Hayward, executive vice president and head of the Multifamily Mortgage Business at Fannie Mae, made the remarks during a meeting with reporters this week at the Mortgage Bankers Association\u2019s (MBA) Commercial Real Estate Finance\/Multifamily Housing Convention & Expo.<\/p>\n

Hayward said that apartment vacancy rates are now at all-time lows. At the same time, demographic forces are sustaining the increase in the inflow into the market of 24- to 34-year olds at their peak renting age. As a result, current vacancy rates may continue to experience downward pressure in the near future.<\/p>\n

Fannie Mae announced that it financed $28.9 million in multi-family loans in 2014, compared to $28.8 billion in financing provided to the sector in 2013. Altogether, 446,000 units of \u00a0multi-family units were financed last year by the agency. About 99 percent of these loans were securitized through Fannie Mae\u2019s MBS execution.<\/p>\n

\u201cI look forward to working with our partners in 2015 to remain the leading source of financing and securtization for quality rental housing in the U.S., while balancing risk and return\u2014in every market, for every income level, every day,\u201d said Hayward in a statement.<\/p>\n

Hayward added that fundamentals are in place for Fannie Mae to see healthy financing activity in 2015. Fannie Mae\u2019s regulator the Federal Housing Finance Agency has imposed a footprint limit of $30 billion on Fannie Mae\u2019s multi-family financing. Hayward said that this financing cap will not be changing in 2015.<\/p>\n

Fannie Mae and Freddie Mac account for about 30 percent of the multi-family financing market. Freddie Mac, meanwhile, executed $28.3 billion in loan purchase and bond guarantee volume for its multi-family business in 2014, up 10 percent from $25.9 billion the previous year.<\/p>\n

Walker & Dunlop L.L.C., Wells Fargo Multifamily Capital, Berkadia Commercial Mortgage L.L.C., CBRE Multifamily Capital Inc., and PNC Real Estate ranked among Fannie Mae\u2019s top DUS producers in 2014.<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s what the head of Fannie Mae\u2019s multi-family division thinks of the current apartment market, straight from the MBA-CREF conference in San Diego.<\/p>\n","protected":false},"author":952,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,15],"tags":[],"class_list":["post-1004112631","post","type-post","status-publish","format-standard","hentry","category-latest","category-west"],"acf":[],"yoast_head":"\nMBA SPECIAL REPORT: Best of Times for Multi-Family - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mba-special-report-m-f-market-enjoying-the-best-of-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MBA SPECIAL REPORT: Best of Times for Multi-Family\" \/>\n<meta property=\"og:description\" content=\"Here\u2019s what the head of Fannie Mae\u2019s multi-family division thinks of the current apartment market, straight from the MBA-CREF conference in San Diego.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mba-special-report-m-f-market-enjoying-the-best-of-times\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-03T22:16:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T14:15:06+00:00\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-special-report-m-f-market-enjoying-the-best-of-times\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-special-report-m-f-market-enjoying-the-best-of-times\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"MBA SPECIAL REPORT: Best of Times for Multi-Family\",\"datePublished\":\"2015-02-03T22:16:46+00:00\",\"dateModified\":\"2022-12-08T14:15:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-special-report-m-f-market-enjoying-the-best-of-times\\\/\"},\"wordCount\":349,\"commentCount\":0,\"articleSection\":[\"News\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-special-report-m-f-market-enjoying-the-best-of-times\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-special-report-m-f-market-enjoying-the-best-of-times\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-special-report-m-f-market-enjoying-the-best-of-times\\\/\",\"name\":\"MBA SPECIAL REPORT: Best of Times for Multi-Family - 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